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The Cartier de Panthere is panthered at the Cartier Luxury Goods Shop, run by Cie. Financiere Richemont.
Bloomberg | Gets the image
The owner of the carcie Richemont On Friday, more than expected, financial sales in the fourth quarter, as the richest costs continued to shrug off the world macroeconomic uncertainty.
Income in the Swiss luxury group increased by 7% compared to last year with permanent courses to 5.17 billion euros (5.79 billion dollars) three months before the end of March, above 4.98 billion euros analysts in the LSEG poll.
The fourth quarter of sales was headed by two -digit growth in the Maisons Group Jewelry, which includes Cartier, Van Cleef & Arpels and Buccellati.
However, sales have decreased in a company specialist segment, which presents Piaget and Roger Dubuis brands, which heads weakness in the Asia-Pacific region.
Sales for the full year increased by 4% to 21.4 billion euros, compared to the previous year and just before the expectations of analysts of 21.34 billion.
Sales are increased annually in all regions except asia Pacific (EX. Japan) – the largest company market – where China has been headed by 23%. Japan led the annual sales growth, increasing by 25% at actual exchange rates, subjected to “strong internal and tourist expense” and a weak Japanese.
“The group’s productivity was generally reliable, due to the excellent growth in our jewelry and retailers, as well as improved the impetus in our” other “events”, – said Richmont Johann Rupert in the statement. In the so -called “other” company segment includes the previous one -hour retailer Watchfinder & Co.
The chairman, however, added that the current world uncertainty will continue “strong agility and discipline”.
Last week, Bofa Global Research notes that Richemont is facing three key global winds: gold prices, US tariffs and currency fluctuations, due to the Swiss Frank’s strength and US dollar weakness.
However, the bank’s analysts added that the company’s pricing could provide a caudal wind.
“We believe that the price will cover half of the wind,” they wrote. “Prices, a mixture of products and higher power use are the most obvious shifts.”
Previously Richemont reported it “The highest in history” A quarterly sales indicator in January at 6.2 billion euros, even if in Waggie in China.
At the time, the profit was accepted as a broader turn in the luxury sector. However, a ghost from trading tariffs in the US and subsequent macroeconomic uncertainty threatens to hit consumers once again and discreted costs worldwide.
This is a developing story please check updates.
